MONTREAL, Nov. 1, 2017 /CNW/ - BestLifeRewarded Innovations (BLRI) and the Economic Club of Canada (ECC), in collaboration with the Financial Consumer Agency of Canada, are pleased to announce the launch of the MoneyFit Challenge, a new and innovative financial literacy initiative. There is a strong connection between financial well-being and overall health. The Challenge is available at no charge, in both English and French, and aims to help Canadians learn more about money matters and take important small steps to improve their own personal financial well-being.
Employers, employees, and students can earn points for engaging in educational materials about budgeting, saving, debt and borrowing. Participants will be able to bid their points for a chance to win over $30,000 in prizes.
"We know financial stress is one of the top stressors among working Canadians and can affect mental wellness. That is why the MoneyFit Challenge is so important. It allows Canadians to improve their knowledge, skills and confidence when managing their money in a fun and interactive way and can help people reduce their stress. FCAC is proud to collaborate in the development of the Money Fit Challenge and we hope that employers and Canadians take advantage of this great tool to improve their financial well-being," says Jane Rooney, Canada's Financial Literacy Leader.
"Basic financial literacy skills continue to be a gap in knowledge among Canadians. The MoneyFit Challenge is designed to engage Canadians to improve their financial well-being in a fun and exciting way. We are proud to be partnering on this important initiative with BestLifeRewarded Innovations and their proven health behaviour change program," said Rhiannon Traill, President and CEO of the Economic Club of Canada and Junior Economic Club of Canada.
We are encouraging all Canadians and Canadian companies to join today! There are special tools for workplace administrators and educators to encourage employees and support students to take control of their finances now.
For more information, please visit www.moneyfitchallenge.com.
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Financial Literacy Facts
- 67% of employees have admitted to dealing with financial issues at work (Benefits Canada).
- The annual cost of workplace stress in Canada is estimated to be $16 billion and cost employers from $750 to $2,000 per employee per year (International Foundation of Employee Benefit Plans).
- Employee financial struggles are not limited to particular types of work, specific industries, or salary ranges; financial issues impact employees and businesses across the spectrum (CFSI).
About BestLifeRewarded® Innovations
BestLifeRewarded Innovations (BLRI), is the creator of the BestLifeRewarded health behaviour change system. The BestLifeRewarded program has continuously demonstrated its market leadership in the category space of health behaviour change with the most comprehensive evidence-informed program including, over 90 health educational modules developed in collaboration with the leading health charities/government agencies, 15+ health tracking tools, integration with Fitbit and other wearables, links to targeted evidence-informed support tools and multiple rewards structures. BestLifeRewarded Innovations supports over 12,000 Canadian companies, and reaches over 3.2 million Canadians and growing.
The platform has been recognized globally for its evidence-informed innovation in health behaviour change. Some of BLRI's international key note speaking opportunities on the BestLifeRewarded approach included the Cayman Islands Healthcare 20/20 (2012), Prevent India (2013), World Hypertension Congress Istanbul (2013), World at Work Total Rewards (2014), Benefits Canada (2014), Canadian Association for Population Therapeutics (2014), Conference Board of Canada (2015), Healthy Minds Canada April 2016, Chronic Disease Prevention Alliance of Canada (2016), the Canada India Health Summit (March 2017) in Delhi and upcoming First World NCD Congress in Chandigarh India.
About the Economic Club of Canada
Since 2003, the Economic Club of Canada has earned a prestigious reputation as this country's podium of record. Uniquely positioned as the only national non-partisan organization capable of staging events across the country, our mission is to bring our members and guests face-to-face with the most influential leaders of our time. Each year more than 100 policy makers and business leaders approach the Economic Club of Canada to make keynote addresses allowing the opportunity for guests to pose questions, direct and unfiltered. Membership is open to all who share a passion for great issues of the day. For more information, or to become a member visit: www.economicclub.ca.
SOURCE BestLifeRewarded Innovations Inc.